Common use of Amendments to Request Clause in Contracts

Amendments to Request. 7.1 If the Customer wishes to amend the contents of the request after the transfer contract has been entered into, such amendments shall be processed according to the following procedures by way of Fax Banking or other way as prescribed by the Bank; provided, however, an amendment might not be allowed depending on the contents or the timing of the amendment request. In addition, any amendment to the transfer amount shall be handled according to the unwinding (kumimodoshi) procedures provided for in Article 8 (Unwinding (kumimodoshi)). (i) When requesting an amendment, the Customer shall submit to the Bank a request form for amendment as prescribed by the Bank (the “Amendment Request Form”) with the Customer’s name and seal (or signature) previously registered with the Bank affixed (or signed), together with the Transfer Fund Receipt prescribed by the Bank and other documents prescribed by the Bank which the Bank considers necessary. In such a case, the Bank may request personal identification documents prescribed by the Bank. (ii) The Bank shall, in accordance with the contents of the Amendment Request Form, issue an amendment request telegram to the financial institution which is the receiving party. 7.2 When the Bank makes the amendment after verifying, with reasonable care, that the seal (or signature) used on the Amendment Request Form matches the one which was used on the Transfer Request Form, the Bank shall not be responsible for any damages caused thereby. 7.3 In Article 7.1, if the financial institution which is the receiving party or the Related Banks have already received the notice of transfer, an amendment may not be made. In such a case, the Customer shall negotiate with the recipient.

Appears in 4 contracts

Samples: Corporate Account Terms and Conditions, Corporate Account Terms and Conditions, Corporate Account Terms and Conditions

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!